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NOVARTIS AG 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 02 October 2026.

120Reported items
735Asset managers
22,216Fund votes
2024-03-05Main meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore NOVARTIS AG in the interactive database Compare manager voting policies

How asset managers voted at the NOVARTIS AG 2023-2024 meetings

Each item below shows how the 735 asset managers that disclosed a NOVARTIS AG vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of NOVARTIS AG’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Advisory vote on the 2023 Compensation Report.

COMPENSATION

Meeting held 2024-03-05; no official results are on file for this meeting.

Combines 6 wordings of this item as funds reported it.

98% fund support · no official result

FOR 98%

The 538 asset managers below cast 98% of the shares they voted on this item FOR (42,026,119 for, 757,858 against).

FOR: 42,026,119 (98.0%)AGAINST: 757,858 (1.8%)ABSTAIN: 10,446 (0.0%)NOT VOTED: 96,813 (0.2%)UNKNOWN: 1,056 (0.0%)

Largest asset managers voting on “Advisory vote on the 2023 Compensation Report.” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Vote
National Pension Service	8,206,221	0	For
Northern Trust	5,658,256	31,196	For
John Hancock	2,741,452	0	For
Cullen Capital Management, LLC	1,973,956	0	For
Bridge Builder Trust	1,674,156	0	For
Loomis Sayles	1,572,594	0	For
Jackson National	1,468,428	0	For
ENVESTNET ASSET MANAGEMENT INC	1,340,872	0	For
Natixis	997,876	0	For
Manning & Napier	996,853	0	For
Polaris Capital Management, LLC	805,711	0	For
PRIMECAP Odyssey Funds	792,536	0	For
TRUIST FINANCIAL CORP	729,946	0	For
D.A. DAVIDSON & CO.	711,954	0	For
1832 Asset Management L.P.	576,245	0	For
Korea Investment CORP	0	603,257	Against
Pear Tree Funds	585,750	0	For
CULLEN FUNDS TRUST	539,802	0	For
BRISTOL JOHN W & CO INC /NY/	456,447	0	For
AGF MANAGEMENT LTD	442,838	0	For
Pacer Funds Trust	394,204	0	For
Clark Capital Management Group, Inc.	358,186	0	For
WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INC	352,466	0	For
PNC BANK, NATIONAL ASSOCIATION	345,823	0	For
FIRST FINANCIAL BANKSHARES INC	316,343	0	For

Showing the 25 largest of 538 asset managers. See all 538 in the interactive database.

2. Binding vote on the maximum aggregate amount of compensation for the Executive Committee for the 2025 financial year.

COMPENSATION

Meeting held 2024-03-05; no official results are on file for this meeting.

Combines 6 wordings of this item as funds reported it.

99.4% fund support · no official result

FOR 99.3%

The 149 asset managers below cast 99.4% of the shares they voted on this item FOR (13,293,057 for, 69,122 against).

FOR: 13,293,057 (99.4%)AGAINST: 69,122 (0.5%)ABSTAIN: 170 (0.0%)NOT VOTED: 17,574 (0.1%)

Largest asset managers voting on “Binding vote on the maximum aggregate amount of compensation for the Executive Committee for the 2025 financia” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Vote
John Hancock	2,741,452	0	For
Bridge Builder Trust	1,674,156	0	For
Loomis Sayles	1,572,594	0	For
Jackson National	1,468,428	0	For
PRIMECAP Odyssey Funds	792,536	0	For
Pear Tree Funds	585,750	0	For
CULLEN FUNDS TRUST	539,802	0	For
Pacer Funds Trust	394,204	0	For
Clark Capital Management Group, Inc.	358,186	0	For
WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INC	352,466	0	For
Manning & Napier	309,432	0	For
AMANA MUTUAL FUNDS TRUST	295,400	0	For
Allianz	176,481	0	For
ADVISORS SERIES TRUST	155,508	0	For
UNITED CAPITAL FINANCIAL ADVISORS, LLC	149,901	0	For
SWISS HELVETIA FUND, INC.	142,229	0	For
Aristotle Funds Series Trust	132,900	0	For
EXENCIAL WEALTH ADVISORS, LLC	125,138	0	For
Natixis	106,846	0	For
TRUST FOR PROFESSIONAL MANAGERS	97,369	0	For
Gabelli	87,000	0	For
ZEVIN ASSET MANAGEMENT LLC	0	68,183	Against
Live Oak Private Wealth LLC	64,267	0	For
Value Partners Investments Inc.	60,488	0	For
Principal	60,000	0	For

Showing the 25 largest of 149 asset managers. See all 149 in the interactive database.

3. Binding vote on the maximum aggregate amount of compensation for the Board of Directors from the 2024 Annual General Meeting to the 2025 Annual General Meeting.

COMPENSATION

Meeting held 2024-03-05; no official results are on file for this meeting.

Combines 6 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.3%

The 140 asset managers below cast 99.9% of the shares they voted on this item FOR (13,171,577 for, 939 against).

FOR: 13,171,577 (99.3%)AGAINST: 939 (0.0%)ABSTAIN: 68,353 (0.5%)NOT VOTED: 17,574 (0.1%)

Largest asset managers voting on “Binding vote on the maximum aggregate amount of compensation for the Board of Directors from the 2024 Annual G” at NOVARTIS AG, 2023-2024
Asset manager	For	Abstain	Vote
John Hancock	2,741,452	0	For
Bridge Builder Trust	1,674,156	0	For
Loomis Sayles	1,572,594	0	For
Jackson National	1,468,428	0	For
PRIMECAP Odyssey Funds	792,536	0	For
Pear Tree Funds	585,750	0	For
CULLEN FUNDS TRUST	539,802	0	For
Pacer Funds Trust	394,204	0	For
Clark Capital Management Group, Inc.	358,186	0	For
WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INC	352,466	0	For
Manning & Napier	309,432	0	For
AMANA MUTUAL FUNDS TRUST	295,400	0	For
Allianz	176,481	0	For
ADVISORS SERIES TRUST	155,508	0	For
UNITED CAPITAL FINANCIAL ADVISORS, LLC	149,901	0	For
SWISS HELVETIA FUND, INC.	142,229	0	For
Aristotle Funds Series Trust	132,900	0	For
EXENCIAL WEALTH ADVISORS, LLC	125,138	0	For
Natixis	106,846	0	For
TRUST FOR PROFESSIONAL MANAGERS	97,369	0	For
Gabelli	87,000	0	For
ZEVIN ASSET MANAGEMENT LLC	0	68,183	Abstain
Live Oak Private Wealth LLC	64,267	0	For
Principal	60,000	0	For
FORUM FUNDS	49,400	0	For

Showing the 25 largest of 140 asset managers. See all 140 in the interactive database.

4. Approve Remuneration Report

COMPENSATION

Meeting held 2024-03-05; no official results are on file for this meeting.

93% fund support · no official result

FOR 92%

The 116 asset managers below cast 93% of the shares they voted on this item FOR (181,680,411 for, 13,693,831 against).

FOR: 181,680,411 (92.2%)AGAINST: 13,693,831 (7.0%)NOT VOTED: 1,592,516 (0.8%)

Largest asset managers voting on “Approve Remuneration Report” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Vote
BlackRock	38,245,958	0	For
Vanguard	31,482,216	0	For
Dodge & Cox	25,521,278	0	For
Artisan	943,239	13,006,550	Against
TIAA	8,507,534	0	For
Dimensional	7,647,631	0	For
Capital Group	7,111,961	0	For
APG Asset Management US Inc.	3,757,590	0	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	0	For
Goldman Sachs	5,190,522	0	For
JANUS INVESTMENT FUND	3,228,512	0	For
State Street	3,072,159	0	For
MFS	2,673,776	0	For
Principal	2,625,531	0	For
Six Circles Trust	2,592,709	0	For
Thornburg	2,451,335	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	0	For
DWS	1,695,202	0	For
BNY Mellon	1,584,503	0	For
Desjardins Global Asset Management Inc.	1,481,920	0	For
TWEEDY, BROWNE FUND INC.	1,420,838	0	For
WisdomTree	1,381,216	0	For
RWC Asset Management LLP	1,230,500	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	0	For
Lincoln Financial	1,117,475	0	For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

5. Approve Maximum Remuneration of Executive Committee in the Amount of CHF 95 Million

COMPENSATION

Meeting held 2024-03-05; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.1%

The 112 asset managers below cast 100% of the shares they voted on this item FOR (192,840,740 for, 0 against).

FOR: 192,840,740 (99.2%)NOT VOTED: 1,592,516 (0.8%)

Largest asset managers voting on “Approve Maximum Remuneration of Executive Committee in the Amount of CHF 95 Million” at NOVARTIS AG, 2023-2024
Asset manager	For	Vote
BlackRock	38,245,958	For
Vanguard	31,482,216	For
Dodge & Cox	25,521,278	For
Artisan	13,949,789	For
TIAA	8,507,534	For
Dimensional	7,647,631	For
Capital Group	7,111,961	For
APG Asset Management US Inc.	3,757,590	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	For
Goldman Sachs	5,190,522	For
JANUS INVESTMENT FUND	3,228,512	For
State Street	3,072,159	For
MFS	2,673,776	For
Principal	2,625,531	For
Six Circles Trust	2,592,709	For
Thornburg	2,451,335	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	For
DWS	1,695,202	For
BNY Mellon	1,584,503	For
TWEEDY, BROWNE FUND INC.	1,420,838	For
WisdomTree	1,381,216	For
RWC Asset Management LLP	1,230,500	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	For
Lincoln Financial	1,117,475	For
Fidelity	1,083,246	For

Showing the 25 largest of 112 asset managers. See all 112 in the interactive database.

6. Approve CHF 22.8 Million Reduction in Share Capital via Reduction of Nominal Value in Connection with the Spin-Off

CAPITAL STRUCTURE

Meeting held 2023-09-15; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 112 asset managers below cast 100% of the shares they voted on this item FOR (234,649,502 for, 0 against).

FOR: 234,649,502 (99.9%)ABSTAIN: 193,680 (0.1%)

Largest asset managers voting on “Approve CHF 22.8 Million Reduction in Share Capital via Reduction of Nominal Value in Connection with the Spin” at NOVARTIS AG, 2023-2024
Asset manager	For	Abstain	Vote
Vanguard	59,024,787	0	For
BlackRock	36,950,910	0	For
Dodge & Cox	28,543,978	0	For
Artisan	15,848,607	0	For
Capital Group	13,319,943	0	For
TIAA	8,540,196	0	For
Dimensional	7,696,443	0	For
MFS	5,834,609	0	For
FRANKLIN MUTUAL SERIES FUNDS	5,526,705	0	For
T. Rowe Price	4,957,967	0	For
State Street	3,253,158	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	3,238,100	0	For
Six Circles Trust	2,679,567	0	For
Principal	2,624,227	0	For
RWC Asset Management LLP	2,612,110	0	For
Thornburg	1,709,129	0	For
WisdomTree	1,678,414	0	For
BNY Mellon	1,592,356	0	For
DWS	1,542,599	0	For
TWEEDY, BROWNE FUND INC.	1,420,838	0	For
Perpetual Americas Funds Trust	1,175,803	0	For
Lincoln Financial	1,175,404	0	For
Fidelity	1,128,106	0	For
JANUS INVESTMENT FUND	1,075,828	31,213	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,030,042	0	For

Showing the 25 largest of 112 asset managers. See all 112 in the interactive database.

7. Approve Special Distribution by Way of a Dividend in Kind to Effect the Spin-Off of Sandoz Group AG

CAPITAL STRUCTURE

Meeting held 2023-09-15; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.8%

The 112 asset managers below cast 99.9% of the shares they voted on this item FOR (232,037,392 for, 222,200 against).

FOR: 232,037,392 (99.8%)AGAINST: 222,200 (0.1%)ABSTAIN: 193,680 (0.1%)

Largest asset managers voting on “Approve Special Distribution by Way of a Dividend in Kind to Effect the Spin-Off of Sandoz Group AG” at NOVARTIS AG, 2023-2024
Asset manager	For	Abstain	Vote
Vanguard	59,024,787	0	For
BlackRock	36,950,910	0	For
Dodge & Cox	28,543,978	0	For
Artisan	15,848,607	0	For
Capital Group	13,319,943	0	For
TIAA	8,540,196	0	For
Dimensional	7,696,443	0	For
MFS	5,834,609	0	For
FRANKLIN MUTUAL SERIES FUNDS	5,526,705	0	For
T. Rowe Price	4,957,967	0	For
State Street	3,253,158	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	3,238,100	0	For
Six Circles Trust	2,679,567	0	For
Principal	2,624,227	0	For
Thornburg	1,709,129	0	For
WisdomTree	1,678,414	0	For
BNY Mellon	1,592,356	0	For
DWS	1,542,599	0	For
TWEEDY, BROWNE FUND INC.	1,420,838	0	For
Perpetual Americas Funds Trust	1,175,803	0	For
Lincoln Financial	1,175,404	0	For
Fidelity	1,128,106	0	For
JANUS INVESTMENT FUND	1,075,828	31,213	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,030,042	0	For
Equitable	1,020,129	0	For

Showing the 25 largest of 112 asset managers. See all 112 in the interactive database.

8. Transact Other Business (Voting)

OTHER

Meeting held 2023-09-15; no official results are on file for this meeting.

1% fund support · no official result

AGAINST 81%ABSTAIN 17%

The 112 asset managers below cast 1% of the shares they voted on this item FOR (2,860,412 for, 190,256,053 against).

FOR: 2,860,412 (1.2%)AGAINST: 190,256,053 (81.5%)ABSTAIN: 40,393,896 (17.3%)

Largest asset managers voting on “Transact Other Business (Voting)” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	0	59,024,787	0	Against
BlackRock	0	0	36,950,910	Abstain
Dodge & Cox	0	28,543,978	0	Against
Artisan	0	15,848,607	0	Against
Capital Group	0	13,319,943	0	Against
TIAA	0	8,540,196	0	Against
Dimensional	0	7,696,443	0	Against
MFS	0	5,834,609	0	Against
FRANKLIN MUTUAL SERIES FUNDS	0	5,526,705	0	Against
T. Rowe Price	0	4,957,967	0	Against
State Street	0	3,253,158	0	Against
HARRIS ASSOCIATES INVESTMENT TRUST	0	3,238,100	0	Against
Six Circles Trust	0	0	2,679,567	Abstain
Principal	0	2,624,227	0	Against
Thornburg	0	1,709,129	0	Against
WisdomTree	0	1,678,414	0	Against
BNY Mellon	0	1,592,356	0	Against
DWS	0	1,542,599	0	Against
TWEEDY, BROWNE FUND INC.	1,420,838	0	0	For
RWC Asset Management LLP	1,285,122	0	0	For
Perpetual Americas Funds Trust	0	1,175,803	0	Against
Lincoln Financial	0	1,155,797	19,607	Against
Fidelity	0	1,128,106	0	Against
JANUS INVESTMENT FUND	0	1,107,041	0	Against
CAUSEWAY CAPITAL MANAGEMENT TRUST	0	1,030,042	0	Against

Showing the 25 largest of 112 asset managers. See all 112 in the interactive database.

9. Approve Remuneration of Directors in the Amount of CHF 8.8 Million

COMPENSATION

Meeting held 2024-03-05; no official results are on file for this meeting.

99.8% fund support · no official result

FOR 99.8%

The 110 asset managers below cast 99.8% of the shares they voted on this item FOR (188,776,462 for, 300,943 against).

FOR: 188,776,462 (99.8%)AGAINST: 300,943 (0.2%)

Largest asset managers voting on “Approve Remuneration of Directors in the Amount of CHF 8.8 Million” at NOVARTIS AG, 2023-2024
Asset manager	For	Vote
BlackRock	38,245,958	For
Vanguard	31,482,216	For
Dodge & Cox	25,521,278	For
Artisan	13,949,789	For
TIAA	8,507,534	For
Dimensional	7,647,631	For
Capital Group	7,111,961	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	For
Goldman Sachs	5,190,522	For
JANUS INVESTMENT FUND	3,228,512	For
State Street	3,072,159	For
MFS	2,673,776	For
Principal	2,625,531	For
Six Circles Trust	2,592,709	For
Thornburg	2,451,335	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	For
DWS	1,695,202	For
BNY Mellon	1,584,503	For
TWEEDY, BROWNE FUND INC.	1,420,838	For
WisdomTree	1,381,216	For
RWC Asset Management LLP	1,230,500	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	For
Lincoln Financial	1,117,475	For
Fidelity	1,083,246	For
AllianceBernstein	947,155	For

Showing the 25 largest of 110 asset managers. See all 110 in the interactive database.

10. Accept Financial Statements and Statutory Reports

INVESTMENT COMPANY MATTERSCORPORATE GOVERNANCE

Meeting held 2024-03-05; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 107 asset managers below cast 100% of the shares they voted on this item FOR (187,821,695 for, 0 against).

FOR: 187,821,695 (100.0%)ABSTAIN: 1,330 (0.0%)

Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at NOVARTIS AG, 2023-2024
Asset manager	For	Vote
BlackRock	38,245,958	For
Vanguard	31,482,216	For
Dodge & Cox	25,521,278	For
Artisan	13,949,789	For
TIAA	8,507,534	For
Dimensional	7,647,631	For
Capital Group	7,111,961	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	For
Goldman Sachs	5,190,522	For
JANUS INVESTMENT FUND	3,228,512	For
State Street	3,072,159	For
MFS	2,673,776	For
Principal	2,625,531	For
Six Circles Trust	2,592,709	For
Thornburg	2,451,335	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	For
DWS	1,695,202	For
BNY Mellon	1,584,503	For
TWEEDY, BROWNE FUND INC.	1,420,838	For
WisdomTree	1,381,216	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	For
Lincoln Financial	1,117,475	For
Fidelity	1,083,246	For
AllianceBernstein	947,155	For
Victory Capital	894,517	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

11. Approve Allocation of Income and Dividends of CHF 3.30 per Share

CAPITAL STRUCTURE

Meeting held 2024-03-05; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 107 asset managers below cast 100% of the shares they voted on this item FOR (187,822,729 for, 0 against).

FOR: 187,822,729 (100.0%)

Largest asset managers voting on “Approve Allocation of Income and Dividends of CHF 3.30 per Share” at NOVARTIS AG, 2023-2024
Asset manager	For	Vote
BlackRock	38,245,958	For
Vanguard	31,482,216	For
Dodge & Cox	25,521,278	For
Artisan	13,949,789	For
TIAA	8,507,534	For
Dimensional	7,647,631	For
Capital Group	7,111,961	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	For
Goldman Sachs	5,190,522	For
JANUS INVESTMENT FUND	3,228,512	For
State Street	3,072,159	For
MFS	2,673,776	For
Principal	2,625,531	For
Six Circles Trust	2,592,709	For
Thornburg	2,451,335	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	For
DWS	1,695,202	For
BNY Mellon	1,584,503	For
TWEEDY, BROWNE FUND INC.	1,420,838	For
WisdomTree	1,381,216	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	For
Lincoln Financial	1,117,475	For
Fidelity	1,083,246	For
AllianceBernstein	947,155	For
Victory Capital	894,517	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

12. Approve CHF 42.9 Million Reduction in Share Capital via Cancellation of Repurchased Shares

CAPITAL STRUCTURE

Meeting held 2024-03-05; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 107 asset managers below cast 100% of the shares they voted on this item FOR (187,822,177 for, 0 against).

FOR: 187,822,177 (100.0%)

Largest asset managers voting on “Approve CHF 42.9 Million Reduction in Share Capital via Cancellation of Repurchased Shares” at NOVARTIS AG, 2023-2024
Asset manager	For	Vote
BlackRock	38,245,958	For
Vanguard	31,482,216	For
Dodge & Cox	25,521,278	For
Artisan	13,949,789	For
TIAA	8,507,534	For
Dimensional	7,647,631	For
Capital Group	7,111,961	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	For
Goldman Sachs	5,190,522	For
JANUS INVESTMENT FUND	3,228,512	For
State Street	3,072,159	For
MFS	2,673,776	For
Principal	2,625,531	For
Six Circles Trust	2,592,709	For
Thornburg	2,451,335	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	For
DWS	1,695,202	For
BNY Mellon	1,584,503	For
TWEEDY, BROWNE FUND INC.	1,420,838	For
WisdomTree	1,381,216	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	For
Lincoln Financial	1,117,475	For
Fidelity	1,083,246	For
AllianceBernstein	947,155	For
Victory Capital	894,517	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

13. Approve Discharge of Board and Senior Management

CORPORATE GOVERNANCE

Meeting held 2024-03-05; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 107 asset managers below cast 100% of the shares they voted on this item FOR (201,096,700 for, 0 against).

FOR: 201,096,700 (100.0%)

Largest asset managers voting on “Approve Discharge of Board and Senior Management” at NOVARTIS AG, 2023-2024
Asset manager	For	Vote
BlackRock	38,245,958	For
Vanguard	31,482,216	For
Dodge & Cox	25,521,278	For
Artisan	13,949,789	For
RWC Asset Management LLP	13,275,730	For
TIAA	8,507,534	For
Dimensional	7,647,631	For
Capital Group	7,111,961	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	For
Goldman Sachs	5,190,522	For
JANUS INVESTMENT FUND	3,228,512	For
State Street	3,072,159	For
MFS	2,673,776	For
Principal	2,625,531	For
Six Circles Trust	2,592,709	For
Thornburg	2,451,335	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	For
DWS	1,695,202	For
BNY Mellon	1,584,503	For
TWEEDY, BROWNE FUND INC.	1,420,838	For
WisdomTree	1,381,216	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	For
Lincoln Financial	1,117,475	For
Fidelity	1,083,246	For
AllianceBernstein	947,155	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

14. Approve Non-Financial Report

CORPORATE GOVERNANCE

Meeting held 2024-03-05; no official results are on file for this meeting.

100% fund support · no official result

FOR 98%

The 107 asset managers below cast 100% of the shares they voted on this item FOR (184,857,795 for, 0 against).

FOR: 184,857,795 (98.4%)ABSTAIN: 2,965,230 (1.6%)

Largest asset managers voting on “Approve Non-Financial Report” at NOVARTIS AG, 2023-2024
Asset manager	For	Abstain	Vote
BlackRock	38,245,958	0	For
Vanguard	31,482,216	0	For
Dodge & Cox	25,521,278	0	For
Artisan	13,949,789	0	For
TIAA	8,507,534	0	For
Dimensional	7,647,631	0	For
Capital Group	7,111,961	0	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	0	For
Goldman Sachs	5,190,522	0	For
JANUS INVESTMENT FUND	3,228,512	0	For
State Street	3,072,159	0	For
MFS	2,673,776	0	For
Principal	2,625,531	0	For
Six Circles Trust	2,592,709	0	For
Thornburg	100,227	2,351,108	Abstain
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	0	For
DWS	1,695,202	0	For
BNY Mellon	1,584,503	0	For
TWEEDY, BROWNE FUND INC.	1,420,838	0	For
WisdomTree	1,381,216	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	0	For
Lincoln Financial	1,117,475	0	For
Fidelity	1,083,246	0	For
AllianceBernstein	947,155	0	For
Victory Capital	894,517	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

15. Designate Peter Zahn as Independent Proxy

OTHER

Meeting held 2024-03-05; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 107 asset managers below cast 100% of the shares they voted on this item FOR (187,823,025 for, 0 against).

FOR: 187,823,025 (100.0%)

Largest asset managers voting on “Designate Peter Zahn as Independent Proxy” at NOVARTIS AG, 2023-2024
Asset manager	For	Vote
BlackRock	38,245,958	For
Vanguard	31,482,216	For
Dodge & Cox	25,521,278	For
Artisan	13,949,789	For
TIAA	8,507,534	For
Dimensional	7,647,631	For
Capital Group	7,111,961	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	For
Goldman Sachs	5,190,522	For
JANUS INVESTMENT FUND	3,228,512	For
State Street	3,072,159	For
MFS	2,673,776	For
Principal	2,625,531	For
Six Circles Trust	2,592,709	For
Thornburg	2,451,335	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	For
DWS	1,695,202	For
BNY Mellon	1,584,503	For
TWEEDY, BROWNE FUND INC.	1,420,838	For
WisdomTree	1,381,216	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	For
Lincoln Financial	1,117,475	For
Fidelity	1,083,246	For
AllianceBernstein	947,155	For
Victory Capital	894,517	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

16. Ratify KPMG AG as Auditors

AUDIT-RELATED

Meeting held 2024-03-05; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 107 asset managers below cast 100% of the shares they voted on this item FOR (190,406,065 for, 0 against).

FOR: 190,406,065 (100.0%)

Largest asset managers voting on “Ratify KPMG AG as Auditors” at NOVARTIS AG, 2023-2024
Asset manager	For	Vote
BlackRock	38,245,958	For
Vanguard	31,482,216	For
Dodge & Cox	25,521,278	For
Artisan	13,949,789	For
TIAA	8,507,534	For
Dimensional	7,647,631	For
Capital Group	7,111,961	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	For
Goldman Sachs	5,190,522	For
JANUS INVESTMENT FUND	3,228,512	For
State Street	3,072,159	For
MFS	2,673,776	For
Principal	2,625,531	For
Six Circles Trust	2,592,709	For
RWC Asset Management LLP	2,584,370	For
Thornburg	2,451,335	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	For
DWS	1,695,202	For
BNY Mellon	1,584,503	For
TWEEDY, BROWNE FUND INC.	1,420,838	For
WisdomTree	1,381,216	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	For
Lincoln Financial	1,117,475	For
Fidelity	1,083,246	For
AllianceBernstein	947,155	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

17. Reappoint Bridgette Heller as Member of the Compensation Committee

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

92% fund support · no official result

FOR 92%8%

The 107 asset managers below cast 92% of the shares they voted on this item FOR (174,159,930 for, 14,617,239 against).

FOR: 174,159,930 (92.3%)AGAINST: 14,617,239 (7.7%)

Largest asset managers voting on “Reappoint Bridgette Heller as Member of the Compensation Committee” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Vote
BlackRock	38,245,958	0	For
Vanguard	30,597,836	884,380	For
Dodge & Cox	25,521,278	0	For
Artisan	943,239	13,006,550	Against
TIAA	8,507,534	0	For
Dimensional	7,647,631	0	For
Capital Group	7,111,961	0	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	0	For
Goldman Sachs	5,190,522	0	For
JANUS INVESTMENT FUND	3,228,512	0	For
State Street	3,072,159	0	For
MFS	2,673,776	0	For
Principal	2,625,531	0	For
Six Circles Trust	2,592,709	0	For
Thornburg	2,451,335	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	0	For
DWS	1,695,202	0	For
BNY Mellon	1,584,503	0	For
TWEEDY, BROWNE FUND INC.	1,420,838	0	For
WisdomTree	1,381,216	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	0	For
Lincoln Financial	1,117,475	0	For
Fidelity	1,083,246	0	For
RWC Asset Management LLP	955,680	0	For
AllianceBernstein	947,155	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

18. Reappoint Patrice Bula as Member of the Compensation Committee

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

91% fund support · no official result

FOR 91%9%

The 107 asset managers below cast 91% of the shares they voted on this item FOR (171,274,071 for, 16,549,218 against).

FOR: 171,274,071 (91.2%)AGAINST: 16,549,218 (8.8%)

Largest asset managers voting on “Reappoint Patrice Bula as Member of the Compensation Committee” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Vote
BlackRock	38,245,958	0	For
Vanguard	30,597,836	884,380	For
Dodge & Cox	25,521,278	0	For
Artisan	943,239	13,006,550	Against
TIAA	8,507,534	0	For
Dimensional	7,647,631	0	For
Capital Group	7,111,961	0	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	0	For
Goldman Sachs	5,190,522	0	For
JANUS INVESTMENT FUND	3,228,512	0	For
State Street	3,072,159	0	For
MFS	2,673,776	0	For
Principal	2,625,531	0	For
Six Circles Trust	2,592,709	0	For
Thornburg	2,451,335	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	0	For
DWS	1,695,202	0	For
BNY Mellon	1,584,503	0	For
TWEEDY, BROWNE FUND INC.	1,420,838	0	For
WisdomTree	1,381,216	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	0	For
Lincoln Financial	1,001,662	115,813	For
Fidelity	1,083,246	0	For
AllianceBernstein	947,155	0	For
Victory Capital	144,366	750,151	Against

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

19. Reappoint Simon Moroney as Member of the Compensation Committee

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

93% fund support · no official result

FOR 93%7%

The 107 asset managers below cast 93% of the shares they voted on this item FOR (175,269,160 for, 13,508,009 against).

FOR: 175,269,160 (92.8%)AGAINST: 13,508,009 (7.2%)

Largest asset managers voting on “Reappoint Simon Moroney as Member of the Compensation Committee” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Vote
BlackRock	38,245,958	0	For
Vanguard	31,482,216	0	For
Dodge & Cox	25,521,278	0	For
Artisan	943,239	13,006,550	Against
TIAA	8,507,534	0	For
Dimensional	7,647,631	0	For
Capital Group	7,111,961	0	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	0	For
Goldman Sachs	5,190,522	0	For
JANUS INVESTMENT FUND	3,228,512	0	For
State Street	3,072,159	0	For
MFS	2,673,776	0	For
Principal	2,625,531	0	For
Six Circles Trust	2,592,709	0	For
Thornburg	2,451,335	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	0	For
DWS	1,695,202	0	For
BNY Mellon	1,584,503	0	For
TWEEDY, BROWNE FUND INC.	1,420,838	0	For
WisdomTree	1,381,216	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	0	For
Lincoln Financial	1,117,475	0	For
Fidelity	1,083,246	0	For
RWC Asset Management LLP	955,680	0	For
AllianceBernstein	947,155	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

20. Reappoint William Winters as Member of the Compensation Committee

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

93% fund support · no official result

FOR 93%7%

The 107 asset managers below cast 93% of the shares they voted on this item FOR (175,079,380 for, 13,697,789 against).

FOR: 175,079,380 (92.7%)AGAINST: 13,697,789 (7.3%)

Largest asset managers voting on “Reappoint William Winters as Member of the Compensation Committee” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Vote
BlackRock	38,245,958	0	For
Vanguard	31,482,216	0	For
Dodge & Cox	25,521,278	0	For
Artisan	943,239	13,006,550	Against
TIAA	8,507,534	0	For
Dimensional	7,647,631	0	For
Capital Group	7,111,961	0	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	0	For
Goldman Sachs	5,190,522	0	For
JANUS INVESTMENT FUND	3,228,512	0	For
State Street	3,072,159	0	For
MFS	2,673,776	0	For
Principal	2,625,531	0	For
Six Circles Trust	2,592,709	0	For
Thornburg	2,451,335	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	0	For
DWS	1,695,202	0	For
BNY Mellon	1,584,503	0	For
TWEEDY, BROWNE FUND INC.	1,420,838	0	For
WisdomTree	1,381,216	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	0	For
Lincoln Financial	1,117,475	0	For
Fidelity	1,083,246	0	For
RWC Asset Management LLP	955,680	0	For
AllianceBernstein	947,155	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

21. Reelect Ana de Pro Gonzalo as Director

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 107 asset managers below cast 99.9% of the shares they voted on this item FOR (187,724,854 for, 96,974 against).

FOR: 187,724,854 (99.9%)AGAINST: 96,974 (0.1%)

Largest asset managers voting on “Reelect Ana de Pro Gonzalo as Director” at NOVARTIS AG, 2023-2024
Asset manager	For	Vote
BlackRock	38,245,958	For
Vanguard	31,482,216	For
Dodge & Cox	25,521,278	For
Artisan	13,949,789	For
TIAA	8,507,534	For
Dimensional	7,647,631	For
Capital Group	7,111,961	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	For
Goldman Sachs	5,190,522	For
JANUS INVESTMENT FUND	3,228,512	For
State Street	3,072,159	For
MFS	2,673,776	For
Principal	2,625,531	For
Six Circles Trust	2,592,709	For
Thornburg	2,451,335	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	For
DWS	1,695,202	For
BNY Mellon	1,584,503	For
TWEEDY, BROWNE FUND INC.	1,420,838	For
WisdomTree	1,381,216	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	For
Lincoln Financial	1,117,475	For
Fidelity	1,083,246	For
AllianceBernstein	947,155	For
Victory Capital	894,517	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

22. Reelect Bridgette Heller as Director

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

99.2% fund support · no official result

FOR 99.2%

The 107 asset managers below cast 99.2% of the shares they voted on this item FOR (187,193,827 for, 1,507,147 against).

FOR: 187,193,827 (99.2%)AGAINST: 1,507,147 (0.8%)

Largest asset managers voting on “Reelect Bridgette Heller as Director” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Vote
BlackRock	38,245,958	0	For
Vanguard	30,597,836	884,380	For
Dodge & Cox	25,521,278	0	For
Artisan	13,949,789	0	For
TIAA	8,507,534	0	For
Dimensional	7,647,631	0	For
Capital Group	7,111,961	0	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	0	For
Goldman Sachs	5,190,522	0	For
JANUS INVESTMENT FUND	3,228,512	0	For
State Street	3,072,159	0	For
MFS	2,673,776	0	For
Principal	2,625,531	0	For
Six Circles Trust	2,592,709	0	For
Thornburg	2,451,335	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	0	For
DWS	1,695,202	0	For
BNY Mellon	1,584,503	0	For
TWEEDY, BROWNE FUND INC.	1,420,838	0	For
WisdomTree	1,381,216	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	0	For
Lincoln Financial	1,117,475	0	For
Fidelity	1,083,246	0	For
AllianceBernstein	947,155	0	For
Victory Capital	894,517	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

23. Reelect Charles Sawyers as Director

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

99.1% fund support · no official result

FOR 99.1%

The 107 asset managers below cast 99.1% of the shares they voted on this item FOR (186,314,681 for, 1,507,147 against).

FOR: 186,314,681 (99.2%)AGAINST: 1,507,147 (0.8%)

Largest asset managers voting on “Reelect Charles Sawyers as Director” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Vote
BlackRock	38,245,958	0	For
Vanguard	30,597,836	884,380	For
Dodge & Cox	25,521,278	0	For
Artisan	13,949,789	0	For
TIAA	8,507,534	0	For
Dimensional	7,647,631	0	For
Capital Group	7,111,961	0	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	0	For
Goldman Sachs	5,190,522	0	For
JANUS INVESTMENT FUND	3,228,512	0	For
State Street	3,072,159	0	For
MFS	2,673,776	0	For
Principal	2,625,531	0	For
Six Circles Trust	2,592,709	0	For
Thornburg	2,451,335	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	0	For
DWS	1,695,202	0	For
BNY Mellon	1,584,503	0	For
TWEEDY, BROWNE FUND INC.	1,420,838	0	For
WisdomTree	1,381,216	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	0	For
Lincoln Financial	1,117,475	0	For
Fidelity	1,083,246	0	For
AllianceBernstein	947,155	0	For
Victory Capital	894,517	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

24. Reelect Daniel Hochstrasser as Director

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

99.6% fund support · no official result

FOR 99.6%

The 107 asset managers below cast 99.6% of the shares they voted on this item FOR (188,113,277 for, 587,697 against).

FOR: 188,113,277 (99.7%)AGAINST: 587,697 (0.3%)

Largest asset managers voting on “Reelect Daniel Hochstrasser as Director” at NOVARTIS AG, 2023-2024
Asset manager	For	Vote
BlackRock	38,245,958	For
Vanguard	31,482,216	For
Dodge & Cox	25,521,278	For
Artisan	13,949,789	For
TIAA	8,507,534	For
Dimensional	7,647,631	For
Capital Group	7,111,961	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	For
Goldman Sachs	5,190,522	For
JANUS INVESTMENT FUND	3,228,512	For
State Street	3,072,159	For
MFS	2,673,776	For
Principal	2,625,531	For
Six Circles Trust	2,592,709	For
Thornburg	2,451,335	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	For
DWS	1,695,202	For
BNY Mellon	1,584,503	For
TWEEDY, BROWNE FUND INC.	1,420,838	For
WisdomTree	1,381,216	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	For
Lincoln Financial	1,117,475	For
Fidelity	1,083,246	For
AllianceBernstein	947,155	For
Victory Capital	894,517	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

25. Reelect Elizabeth Doherty as Director

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 107 asset managers below cast 99.9% of the shares they voted on this item FOR (187,724,854 for, 96,974 against).

FOR: 187,724,854 (99.9%)AGAINST: 96,974 (0.1%)

Largest asset managers voting on “Reelect Elizabeth Doherty as Director” at NOVARTIS AG, 2023-2024
Asset manager	For	Vote
BlackRock	38,245,958	For
Vanguard	31,482,216	For
Dodge & Cox	25,521,278	For
Artisan	13,949,789	For
TIAA	8,507,534	For
Dimensional	7,647,631	For
Capital Group	7,111,961	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	For
Goldman Sachs	5,190,522	For
JANUS INVESTMENT FUND	3,228,512	For
State Street	3,072,159	For
MFS	2,673,776	For
Principal	2,625,531	For
Six Circles Trust	2,592,709	For
Thornburg	2,451,335	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	For
DWS	1,695,202	For
BNY Mellon	1,584,503	For
TWEEDY, BROWNE FUND INC.	1,420,838	For
WisdomTree	1,381,216	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	For
Lincoln Financial	1,117,475	For
Fidelity	1,083,246	For
AllianceBernstein	947,155	For
Victory Capital	894,517	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

26. Reelect Frans van Houten as Director

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

92% fund support · no official result

FOR 92%8%

The 107 asset managers below cast 92% of the shares they voted on this item FOR (174,273,515 for, 14,427,459 against).

FOR: 174,273,515 (92.4%)AGAINST: 14,427,459 (7.6%)

Largest asset managers voting on “Reelect Frans van Houten as Director” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Vote
BlackRock	38,245,958	0	For
Vanguard	30,597,836	884,380	For
Dodge & Cox	25,521,278	0	For
Artisan	943,239	13,006,550	Against
TIAA	8,507,534	0	For
Dimensional	7,647,631	0	For
Capital Group	7,111,961	0	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	0	For
Goldman Sachs	5,190,522	0	For
JANUS INVESTMENT FUND	3,228,512	0	For
State Street	3,072,159	0	For
MFS	2,673,776	0	For
Principal	2,625,531	0	For
Six Circles Trust	2,592,709	0	For
Thornburg	2,451,335	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	0	For
DWS	1,695,202	0	For
BNY Mellon	1,584,503	0	For
TWEEDY, BROWNE FUND INC.	1,420,838	0	For
WisdomTree	1,381,216	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	0	For
Lincoln Financial	1,117,475	0	For
Fidelity	1,083,246	0	For
AllianceBernstein	947,155	0	For
Victory Capital	894,517	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

27. Reelect Joerg Reinhardt as Director and Board Chair

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

93% fund support · no official result

FOR 93%7%

The 107 asset managers below cast 93% of the shares they voted on this item FOR (173,802,774 for, 14,019,054 against).

FOR: 173,802,774 (92.5%)AGAINST: 14,019,054 (7.5%)

Largest asset managers voting on “Reelect Joerg Reinhardt as Director and Board Chair” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Vote
BlackRock	38,245,958	0	For
Vanguard	31,482,216	0	For
Dodge & Cox	25,521,278	0	For
Artisan	943,239	13,006,550	Against
TIAA	8,507,534	0	For
Dimensional	7,647,631	0	For
Capital Group	7,111,961	0	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	0	For
Goldman Sachs	5,190,522	0	For
JANUS INVESTMENT FUND	3,228,512	0	For
State Street	3,072,159	0	For
MFS	2,673,776	0	For
Principal	2,625,531	0	For
Six Circles Trust	2,592,709	0	For
Thornburg	2,451,335	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	0	For
DWS	1,695,202	0	For
BNY Mellon	1,584,503	0	For
TWEEDY, BROWNE FUND INC.	1,420,838	0	For
WisdomTree	1,381,216	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	0	For
Lincoln Financial	1,117,475	0	For
Fidelity	1,083,246	0	For
AllianceBernstein	947,155	0	For
Victory Capital	894,517	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

28. Reelect John Young as Director

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

99.2% fund support · no official result

FOR 99.2%

The 107 asset managers below cast 99.2% of the shares they voted on this item FOR (186,504,461 for, 1,317,367 against).

FOR: 186,504,461 (99.3%)AGAINST: 1,317,367 (0.7%)

Largest asset managers voting on “Reelect John Young as Director” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Vote
BlackRock	38,245,958	0	For
Vanguard	30,597,836	884,380	For
Dodge & Cox	25,521,278	0	For
Artisan	13,949,789	0	For
TIAA	8,507,534	0	For
Dimensional	7,647,631	0	For
Capital Group	7,111,961	0	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	0	For
Goldman Sachs	5,190,522	0	For
JANUS INVESTMENT FUND	3,228,512	0	For
State Street	3,072,159	0	For
MFS	2,673,776	0	For
Principal	2,625,531	0	For
Six Circles Trust	2,592,709	0	For
Thornburg	2,451,335	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	0	For
DWS	1,695,202	0	For
BNY Mellon	1,584,503	0	For
TWEEDY, BROWNE FUND INC.	1,420,838	0	For
WisdomTree	1,381,216	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	0	For
Lincoln Financial	1,117,475	0	For
Fidelity	1,083,246	0	For
AllianceBernstein	947,155	0	For
Victory Capital	894,517	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

29. Reelect Nancy Andrews as Director

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 107 asset managers below cast 99.9% of the shares they voted on this item FOR (187,724,854 for, 96,974 against).

FOR: 187,724,854 (99.9%)AGAINST: 96,974 (0.1%)

Largest asset managers voting on “Reelect Nancy Andrews as Director” at NOVARTIS AG, 2023-2024
Asset manager	For	Vote
BlackRock	38,245,958	For
Vanguard	31,482,216	For
Dodge & Cox	25,521,278	For
Artisan	13,949,789	For
TIAA	8,507,534	For
Dimensional	7,647,631	For
Capital Group	7,111,961	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	For
Goldman Sachs	5,190,522	For
JANUS INVESTMENT FUND	3,228,512	For
State Street	3,072,159	For
MFS	2,673,776	For
Principal	2,625,531	For
Six Circles Trust	2,592,709	For
Thornburg	2,451,335	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	For
DWS	1,695,202	For
BNY Mellon	1,584,503	For
TWEEDY, BROWNE FUND INC.	1,420,838	For
WisdomTree	1,381,216	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	For
Lincoln Financial	1,117,475	For
Fidelity	1,083,246	For
AllianceBernstein	947,155	For
Victory Capital	894,517	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

30. Reelect Patrice Bula as Director

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

98% fund support · no official result

FOR 98%

The 107 asset managers below cast 98% of the shares they voted on this item FOR (184,124,906 for, 3,439,126 against).

FOR: 184,124,906 (98.0%)AGAINST: 3,439,126 (1.8%)ABSTAIN: 257,796 (0.1%)

Largest asset managers voting on “Reelect Patrice Bula as Director” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Vote
BlackRock	38,245,958	0	For
Vanguard	30,597,836	884,380	For
Dodge & Cox	25,521,278	0	For
Artisan	13,949,789	0	For
TIAA	8,507,534	0	For
Dimensional	7,647,631	0	For
Capital Group	7,111,961	0	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	0	For
Goldman Sachs	5,190,522	0	For
JANUS INVESTMENT FUND	3,228,512	0	For
State Street	3,072,159	0	For
MFS	2,673,776	0	For
Principal	2,625,531	0	For
Six Circles Trust	2,592,709	0	For
Thornburg	2,451,335	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	0	For
DWS	1,695,202	0	For
BNY Mellon	1,584,503	0	For
TWEEDY, BROWNE FUND INC.	1,420,838	0	For
WisdomTree	1,381,216	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	0	For
Lincoln Financial	1,001,662	115,813	For
Fidelity	1,083,246	0	For
AllianceBernstein	947,155	0	For
Victory Capital	144,366	750,151	Against

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

31. Reelect Simon Moroney as Director

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

99.7% fund support · no official result

FOR 99.7%

The 107 asset managers below cast 99.7% of the shares they voted on this item FOR (188,303,057 for, 397,917 against).

FOR: 188,303,057 (99.8%)AGAINST: 397,917 (0.2%)

Largest asset managers voting on “Reelect Simon Moroney as Director” at NOVARTIS AG, 2023-2024
Asset manager	For	Vote
BlackRock	38,245,958	For
Vanguard	31,482,216	For
Dodge & Cox	25,521,278	For
Artisan	13,949,789	For
TIAA	8,507,534	For
Dimensional	7,647,631	For
Capital Group	7,111,961	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	For
Goldman Sachs	5,190,522	For
JANUS INVESTMENT FUND	3,228,512	For
State Street	3,072,159	For
MFS	2,673,776	For
Principal	2,625,531	For
Six Circles Trust	2,592,709	For
Thornburg	2,451,335	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	For
DWS	1,695,202	For
BNY Mellon	1,584,503	For
TWEEDY, BROWNE FUND INC.	1,420,838	For
WisdomTree	1,381,216	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	For
Lincoln Financial	1,117,475	For
Fidelity	1,083,246	For
AllianceBernstein	947,155	For
Victory Capital	894,517	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

32. Reelect Ton Buechner as Director

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

78% fund support · no official result

FOR 78%AGAINST 22%

The 107 asset managers below cast 78% of the shares they voted on this item FOR (145,782,320 for, 42,039,508 against).

FOR: 145,782,320 (77.6%)AGAINST: 42,039,508 (22.4%)

Largest asset managers voting on “Reelect Ton Buechner as Director” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Vote
BlackRock	0	38,245,958	Against
Vanguard	31,482,216	0	For
Dodge & Cox	25,521,278	0	For
Artisan	13,949,789	0	For
TIAA	8,507,534	0	For
Dimensional	7,647,631	0	For
Capital Group	7,111,961	0	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	0	For
Goldman Sachs	5,190,522	0	For
JANUS INVESTMENT FUND	3,228,512	0	For
State Street	3,072,159	0	For
MFS	2,673,776	0	For
Principal	2,625,531	0	For
Six Circles Trust	0	2,592,709	Against
Thornburg	2,451,335	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	0	For
DWS	1,695,202	0	For
BNY Mellon	1,584,503	0	For
TWEEDY, BROWNE FUND INC.	1,420,838	0	For
WisdomTree	1,381,216	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	0	For
Lincoln Financial	1,089,016	28,459	For
Fidelity	1,083,246	0	For
AllianceBernstein	947,155	0	For
Victory Capital	894,517	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

33. Reelect William Winters as Director

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

99.6% fund support · no official result

FOR 99.6%

The 107 asset managers below cast 99.6% of the shares they voted on this item FOR (187,234,131 for, 587,697 against).

FOR: 187,234,131 (99.7%)AGAINST: 587,697 (0.3%)

Largest asset managers voting on “Reelect William Winters as Director” at NOVARTIS AG, 2023-2024
Asset manager	For	Vote
BlackRock	38,245,958	For
Vanguard	31,482,216	For
Dodge & Cox	25,521,278	For
Artisan	13,949,789	For
TIAA	8,507,534	For
Dimensional	7,647,631	For
Capital Group	7,111,961	For
FRANKLIN MUTUAL SERIES FUNDS	5,318,358	For
Goldman Sachs	5,190,522	For
JANUS INVESTMENT FUND	3,228,512	For
State Street	3,072,159	For
MFS	2,673,776	For
Principal	2,625,531	For
Six Circles Trust	2,592,709	For
Thornburg	2,451,335	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	For
DWS	1,695,202	For
BNY Mellon	1,584,503	For
TWEEDY, BROWNE FUND INC.	1,420,838	For
WisdomTree	1,381,216	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	For
Lincoln Financial	1,117,475	For
Fidelity	1,083,246	For
AllianceBernstein	947,155	For
Victory Capital	894,517	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

34. Transact Other Business (Voting)

CORPORATE GOVERNANCE

Meeting held 2024-03-05; no official results are on file for this meeting.

0.1% fund support · no official result

AGAINST 75%ABSTAIN 25%

The 98 asset managers below cast 0.1% of the shares they voted on this item FOR (7,266 for, 124,530,663 against).

FOR: 7,266 (0.0%)AGAINST: 124,530,663 (75.2%)ABSTAIN: 41,091,573 (24.8%)

Largest asset managers voting on “Transact Other Business (Voting)” at NOVARTIS AG, 2023-2024
Asset manager	Against	Abstain	Vote
BlackRock	0	38,177,277	Abstain
Vanguard	31,482,216	0	Against
Artisan	13,949,789	0	Against
Dodge & Cox	10,612,808	0	Against
TIAA	8,474,528	0	Against
Dimensional	7,000,940	0	Against
Capital Group	6,519,551	0	Against
Goldman Sachs	5,035,393	0	Against
FRANKLIN MUTUAL SERIES FUNDS	3,402,758	0	Against
JANUS INVESTMENT FUND	3,197,299	0	Against
State Street	3,072,159	0	Against
MFS	2,673,776	0	Against
Principal	2,625,531	0	Against
Six Circles Trust	0	2,592,709	Abstain
Thornburg	2,351,108	0	Against
HARRIS ASSOCIATES INVESTMENT TRUST	2,038,400	0	Against
DWS	1,694,141	0	Against
WisdomTree	1,381,216	0	Against
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,120,412	0	Against
Lincoln Financial	1,071,302	28,459	Against
AllianceBernstein	946,232	0	Against
Victory Capital	894,517	0	Against
American Century	890,788	0	Against
Thrivent	888,162	0	Against
Franklin Templeton	753,422	0	Against

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

35. Re-election of Daniel Hochstrasser

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

Combines 5 wordings of this item as funds reported it.

99% fund support · no official result

FOR 67%NOT VOTED 32%

The 89 asset managers below cast 99% of the shares they voted on this item FOR (48,070,806 for, 694,352 against).

FOR: 48,070,806 (66.6%)AGAINST: 694,352 (1.0%)NOT VOTED: 23,459,730 (32.5%)

Largest asset managers voting on “Re-election of Daniel Hochstrasser” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Vote
Vanguard	32,169,723	0	For
Charles Schwab	0	0	Not Voted
Hartford	2,600,260	0	For
John Hancock	2,741,452	0	For
Bridge Builder Trust	1,674,156	0	For
Loomis Sayles	1,572,594	0	For
Jackson National	1,468,428	0	For
SEI	162,998	0	Not Voted
PRIMECAP Odyssey Funds	792,536	0	For
Pear Tree Funds	585,750	0	For
CULLEN FUNDS TRUST	539,802	0	For
Russell Investments	0	0	Not Voted
Pacer Funds Trust	394,204	0	For
Federated Hermes	0	360,933	Against
Mercer Funds	338,120	0	For
Manning & Napier	309,432	0	For
AMANA MUTUAL FUNDS TRUST	295,400	0	For
IMPAX FUNDS SERIES TRUST I	0	284,929	Against
Empower	226,300	0	For
Neuberger Berman	2,025	0	Not Voted
Fidelity	76,641	0	Not Voted
VanEck ETF Trust	186,053	0	For
Brighthouse	105,033	0	For
Allianz	176,481	0	For
Pacific Life	0	0	Not Voted

Showing the 25 largest of 89 asset managers. See all 89 in the interactive database.

36. Re-election of Ana de Pro Gonzalo

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

Combines 4 wordings of this item as funds reported it.

100% fund support · no official result

FOR 64%NOT VOTED 36%

The 71 asset managers below cast 100% of the shares they voted on this item FOR (42,285,654 for, 0 against).

FOR: 42,285,654 (64.3%)NOT VOTED: 23,442,156 (35.7%)

Largest asset managers voting on “Re-election of Ana de Pro Gonzalo” at NOVARTIS AG, 2023-2024
Asset manager	For	Vote
Vanguard	32,169,723	For
Charles Schwab	0	Not Voted
Hartford	2,600,260	For
Loomis Sayles	1,561,552	For
SEI	162,998	Not Voted
Jackson National	823,079	For
PRIMECAP Odyssey Funds	792,536	For
CULLEN FUNDS TRUST	539,802	For
Russell Investments	0	Not Voted
Pacer Funds Trust	394,204	For
Federated Hermes	360,933	For
Mercer Funds	338,120	For
Manning & Napier	309,432	For
AMANA MUTUAL FUNDS TRUST	295,400	For
IMPAX FUNDS SERIES TRUST I	284,929	For
Empower	226,300	For
Neuberger Berman	2,025	Not Voted
Fidelity	76,641	Not Voted
VanEck ETF Trust	186,053	For
Brighthouse	105,033	For
Pacific Life	0	Not Voted
ADVISORS SERIES TRUST	155,508	For
Prudential/PGIM	129,700	For
Putnam	0	Not Voted
TRUST FOR PROFESSIONAL MANAGERS	97,369	For

Showing the 25 largest of 71 asset managers. See all 71 in the interactive database.

37. Re-election of Bridgette Heller

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

Combines 4 wordings of this item as funds reported it.

99.1% fund support · no official result

FOR 64%NOT VOTED 36%

The 71 asset managers below cast 99.1% of the shares they voted on this item FOR (41,924,721 for, 360,933 against).

FOR: 41,924,721 (63.8%)AGAINST: 360,933 (0.5%)NOT VOTED: 23,442,156 (35.7%)

Largest asset managers voting on “Re-election of Bridgette Heller” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Vote
Vanguard	32,169,723	0	For
Charles Schwab	0	0	Not Voted
Hartford	2,600,260	0	For
Loomis Sayles	1,561,552	0	For
SEI	162,998	0	Not Voted
Jackson National	823,079	0	For
PRIMECAP Odyssey Funds	792,536	0	For
CULLEN FUNDS TRUST	539,802	0	For
Russell Investments	0	0	Not Voted
Pacer Funds Trust	394,204	0	For
Federated Hermes	0	360,933	Against
Mercer Funds	338,120	0	For
Manning & Napier	309,432	0	For
AMANA MUTUAL FUNDS TRUST	295,400	0	For
IMPAX FUNDS SERIES TRUST I	284,929	0	For
Empower	226,300	0	For
Neuberger Berman	2,025	0	Not Voted
Fidelity	76,641	0	Not Voted
VanEck ETF Trust	186,053	0	For
Brighthouse	105,033	0	For
Pacific Life	0	0	Not Voted
ADVISORS SERIES TRUST	155,508	0	For
Prudential/PGIM	129,700	0	For
Putnam	0	0	Not Voted
TRUST FOR PROFESSIONAL MANAGERS	97,369	0	For

Showing the 25 largest of 71 asset managers. See all 71 in the interactive database.

38. Re-election of Charles L. Sawyers

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

Combines 4 wordings of this item as funds reported it.

99.8% fund support · no official result

FOR 64%NOT VOTED 36%

The 71 asset managers below cast 99.8% of the shares they voted on this item FOR (42,240,088 for, 45,341 against).

FOR: 42,240,088 (64.3%)AGAINST: 45,341 (0.1%)NOT VOTED: 23,442,156 (35.7%)UNKNOWN: 225 (0.0%)

Largest asset managers voting on “Re-election of Charles L. Sawyers” at NOVARTIS AG, 2023-2024
Asset manager	For	Vote
Vanguard	32,169,723	For
Charles Schwab	0	Not Voted
Hartford	2,600,260	For
Loomis Sayles	1,561,552	For
SEI	162,998	Not Voted
Jackson National	823,079	For
PRIMECAP Odyssey Funds	792,536	For
CULLEN FUNDS TRUST	539,802	For
Russell Investments	0	Not Voted
Pacer Funds Trust	394,204	For
Federated Hermes	360,933	For
Mercer Funds	338,120	For
Manning & Napier	309,432	For
AMANA MUTUAL FUNDS TRUST	295,400	For
IMPAX FUNDS SERIES TRUST I	284,929	For
Empower	226,300	For
Neuberger Berman	2,025	Not Voted
Fidelity	76,641	Not Voted
VanEck ETF Trust	186,053	For
Brighthouse	105,033	For
Pacific Life	0	Not Voted
ADVISORS SERIES TRUST	155,508	For
Prudential/PGIM	129,700	For
Putnam	0	Not Voted
TRUST FOR PROFESSIONAL MANAGERS	97,369	For

Showing the 25 largest of 71 asset managers. See all 71 in the interactive database.

39. Re-election of Elizabeth Doherty

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

Combines 4 wordings of this item as funds reported it.

42% fund support · no official result

FOR 27%AGAINST 37%NOT VOTED 36%

The 71 asset managers below cast 42% of the shares they voted on this item FOR (17,862,627 for, 24,423,027 against).

FOR: 17,862,627 (27.2%)AGAINST: 24,423,027 (37.2%)NOT VOTED: 23,442,156 (35.7%)

Largest asset managers voting on “Re-election of Elizabeth Doherty” at NOVARTIS AG, 2023-2024
Asset manager	For	Against	Vote
Vanguard	11,217,725	20,951,998	Against
Charles Schwab	0	0	Not Voted
Hartford	131,234	2,469,026	Against
Loomis Sayles	1,561,552	0	For
SEI	162,998	0	Not Voted
Jackson National	69,857	753,222	Against
PRIMECAP Odyssey Funds	792,536	0	For
CULLEN FUNDS TRUST	539,802	0	For
Russell Investments	0	0	Not Voted
Pacer Funds Trust	394,204	0	For
Federated Hermes	360,933	0	For
Mercer Funds	338,120	0	For
Manning & Napier	309,432	0	For
AMANA MUTUAL FUNDS TRUST	295,400	0	For
IMPAX FUNDS SERIES TRUST I	284,929	0	For
Empower	226,300	0	For
Neuberger Berman	2,025	0	Not Voted
Fidelity	0	76,641	Not Voted
VanEck ETF Trust	186,053	0	For
Brighthouse	16,515	88,518	Against
Pacific Life	0	0	Not Voted
ADVISORS SERIES TRUST	155,508	0	For
Prudential/PGIM	129,700	0	For
Putnam	0	0	Not Voted
TRUST FOR PROFESSIONAL MANAGERS	97,369	0	For

Showing the 25 largest of 71 asset managers. See all 71 in the interactive database.

40. Re-election of Frans van Houten

DIRECTOR ELECTIONS

Meeting held 2024-03-05; no official results are on file for this meeting.

Combines 4 wordings of this item as funds reported it.

100% fund support · no official result

FOR 64%NOT VOTED 36%

The 71 asset managers below cast 100% of the shares they voted on this item FOR (42,285,654 for, 0 against).

FOR: 42,285,654 (64.3%)NOT VOTED: 23,442,156 (35.7%)

Largest asset managers voting on “Re-election of Frans van Houten” at NOVARTIS AG, 2023-2024
Asset manager	For	Vote
Vanguard	32,169,723	For
Charles Schwab	0	Not Voted
Hartford	2,600,260	For
Loomis Sayles	1,561,552	For
SEI	162,998	Not Voted
Jackson National	823,079	For
PRIMECAP Odyssey Funds	792,536	For
CULLEN FUNDS TRUST	539,802	For
Russell Investments	0	Not Voted
Pacer Funds Trust	394,204	For
Federated Hermes	360,933	For
Mercer Funds	338,120	For
Manning & Napier	309,432	For
AMANA MUTUAL FUNDS TRUST	295,400	For
IMPAX FUNDS SERIES TRUST I	284,929	For
Empower	226,300	For
Neuberger Berman	2,025	Not Voted
Fidelity	76,641	Not Voted
VanEck ETF Trust	186,053	For
Brighthouse	105,033	For
Pacific Life	0	Not Voted
ADVISORS SERIES TRUST	155,508	For
Prudential/PGIM	129,700	For
Putnam	0	Not Voted
TRUST FOR PROFESSIONAL MANAGERS	97,369	For

Showing the 25 largest of 71 asset managers. See all 71 in the interactive database.

Showing the 40 reported items with the widest manager coverage, of 120 in total. View every item.

Largest NOVARTIS AG shareholders voting in 2023-2024

Ranked by the number of NOVARTIS AG shares each manager voted on the most widely held ballot item of the 2023-2024 meeting, shown as a share of the 2,044,033,986 shares outstanding at the time of that meeting.

Top NOVARTIS AG shareholders by shares voted, 2023-2024
#	Asset manager	% of shares outstanding
1	National Pension Service	0.40%
2	Northern Trust	0.28%
3	John Hancock	0.13%
4	Cullen Capital Management, LLC	0.10%
5	Bridge Builder Trust	0.08%
6	Loomis Sayles	0.08%
7	Jackson National	0.07%
8	ENVESTNET ASSET MANAGEMENT INC	0.07%
9	Natixis	0.05%
10	Manning & Napier	0.05%

Percentages above are of 2,044,033,986 shares outstanding, as reported by NOVARTIS AG on its Form 20-F dated 2023-12-31 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from NOVARTIS AG’s 20-F dated 2023-12-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At NOVARTIS AG's 2 shareholder meetings in the 2023-2024 proxy season (held 2023-09-15 and 2024-03-05), 735 asset managers reported how they voted in their SEC Form N-PX filings, covering 22,216 separate fund positions. Their filings are grouped here into 120 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Advisory vote on the 2023 Compensation Report. — the reporting funds cast 98% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

NOVARTIS AG proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.